Great investment opportunity! This 2 bedroom plus a bonus room on each side generated $850/month per side in rental income. Improvements include new a/c units, kitchen appliances, new carpet, new sump pump and new water lines. The property also has newer roof (2018), new windows both sides (2018) and new water heaters (2018).
Wow!Check out this 2 bedroom PLUS bonus room on each side duplex!New updates include all new electrical, plumbing, new windows, new roof, newer kitchens, new flooring thru-out both sides, new water heaters! The floor plans are identical however one side is more open and has a large eat-in kitchen while the other side has built-ins separating the living room from dining room & the kitchen has a breakfast room & mudroom. Both sides are vacant so owner occupant can live in the side that appeals to them most while the other side can be tenanted. Market rent is $750-$900 per/mo per side! The new windows allow for natural sunlight to flow into each room! Upstairs bonus room can be nursery,office, craft room or storage!4 car parking pad in back.
MIBOR as Distributed by MLS Grid #21181544
Sep 21, 2013
Listing Removed
—
Jun 10, 2012
Listed
$57,000
MIBOR as Distributed by MLS Grid #2938711
Apr 1, 2010
Listing Removed
—
Jul 30, 2009
Listed
$55,900
MIBOR as Distributed by MLS Grid #2748489
Jul 24, 2007
Listed
$24,900
Year
Property tax
Land + Additions
Assessment*
2025
$4,574 (+4.2%)
$25,300 + $163,200
$188,500
2024
$4,391 (+15.7%)
$25,300 + $153,800
$179,100
2023
$3,794 (−3.5%)
$25,300 + $153,800
$179,100
2022
$3,930 (+103.4%)
$25,300 + $128,800
$154,100
2021
$1,932 (+3.2%)
$25,300 + $107,600
$132,900
2020
$1,873 (+11.6%)
$25,300 + $107,600
$132,900
2019
$1,678 (+42.9%)
$9,300 + $114,600
$123,900
2018
$1,174 (−28.1%)
$9,300 + $100,200
$109,500
2017
$1,634 (+107.3%)
$9,300 + $61,800
$71,100
2016
$788 (+23.5%)
$9,300 + $61,800
$71,100
2015
$638 (−18.9%)
$9,300 + $22,800
$32,100
2014
$787 (−21.3%)
$9,300 + $19,700
$29,000
2013
$1,000
$9,300 + $27,100
$36,400
Tax history for 614-616 N Riley Ave
Year
Property tax
Land + Additions
Assessment*
2025
$4,574 (+4.2%)
$25,300 + $163,200
$188,500
2024
$4,391 (+15.7%)
$25,300 + $153,800
$179,100
2023
$3,794 (−3.5%)
$25,300 + $153,800
$179,100
2022
$3,930 (+103.4%)
$25,300 + $128,800
$154,100
2021
$1,932 (+3.2%)
$25,300 + $107,600
$132,900
2020
$1,873 (+11.6%)
$25,300 + $107,600
$132,900
2019
$1,678 (+42.9%)
$9,300 + $114,600
$123,900
2018
$1,174 (−28.1%)
$9,300 + $100,200
$109,500
2017
$1,634 (+107.3%)
$9,300 + $61,800
$71,100
2016
$788 (+23.5%)
$9,300 + $61,800
$71,100
2015
$638 (−18.9%)
$9,300 + $22,800
$32,100
2014
$787 (−21.3%)
$9,300 + $19,700
$29,000
2013
$1,000
$9,300 + $27,100
$36,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
—
Stories
1.5
Lot width
40 ft.
Lot depth
160 ft.
Lot size
6,403 Sq. Ft.
Year renovated
1975
Sq. Ft.
1,216
Year built
1910
Style
Multi-Family (2-4 Unit)
County
Marion County
APN
491004101060000101
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D5
COMPACT
Dwelling District Five
The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.
Zone overlays
Compact Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space
Mar 26, 2020 • Final
Sewer connection
Repair a residential lateral line.
Plumbing
Jul 20, 2011 • Active
Wrecking permit-1-2 family
Demolition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Unit Parking: 2 Car Space
Interior
Interior Sq. Ft. Information
Building Area Total: 0
Living Area: 0
Laundry Room Information
Laundry Features: Connections All
Basement Information
Has Basement
Multi-Family Financial Information
Owner Pays: Insurance, Taxes, Sewer, Water
Gross Income: 0
Expenses: 0
Multi-Unit Information
# of Units: 2
Unit Type 1 Information
Kitchen: 8x12
Levels: 2
Miscellaneous: Eat In Kitchen, Lndry Conn, Other
Rent: 0
Rent Frequency: Monthly
Utilities: Fuel Gas, Other
Unit Type 2 Information
Kitchen: 14x16
Levels: 2
Miscellaneous: Eat In Kitchen,Lndry Conn
Rent: 0
Rent Frequency: Monthly
Utilities: Fuel Gas,Other
Exterior
Building Information
Building Information: Other
Property Features
Conversion: No
Property Information
Property Type: Residential Income
Property Sub Type: Residential Units - 1 to 4
Land Information
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0
Lot Features: Curbs, Sidewalks, Other
Utilities
Utility Information
Solid Waste Information: Yes
Building Utilities: Other
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: Take 10th Street to Riley head South on Riley
Tax Legal Description: EMERSON HTS L11 B3 2ND SEC
Public facts
Beds: 2
Baths: —
Sq. Ft.: 1,216
Stories: 1.5
Lot Size: 6,403 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1910
Year Renovated: 1975
County: Marion County
APN: 491004101060000101
Home facts updated by county records on Jul 29, 2026
Other
Listing Information
Attribution Contact: mary.wernke@encoresir.com
Green Information
Green Certification YN: No
Home Information
Construction Materials: Wood Siding, Wood
Structure Type: Duplex
Around this home
Schools
Ralph Waldo Emerson School 58
Public PreK-5 • Assigned • 0.4mi
5/10
Thomas Carr Howe Middle School - An IB World School
Public 6-8 • Assigned • 0.5mi
1/10
Purdue Polytechnic High School - Englewood
Charter 9-12 • Assigned • 1.5mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 101° expected this year, 18 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46201
Average low and high temperatures (°F)
32
18
42
26
61
40
68
48
72
54
83
66
87
72
82
65
81
61
70
50
54
40
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$208,000 – $252,000
Reach more buyers when you sell with Redfin. Save up to $2,183 in fees.3 minutes to get started.